Ningde era, the rapid diving in the late session, the stock price limit for the first time since listing

Source: Eastern Fortune Network

In the late Ningde era, the company quickly plunged, and the stock price fell for the first time since its listing, and the profit-taking disk swarmed out. As of the close, the company's stock price was 82.59 yuan, down 10%, the transaction amount was 4.028 billion yuan, and the turnover rate was 21%.

On July 12, Ningde Times released the 2018 semi-annual performance forecast. The announcement shows that the Ningde era is expected to earn 880 million to 930 million yuan in the first half of the year, down 51.20%-48.19% year-on-year.

The decrease in the semi-annual performance in 2018 compared with the same period of the previous year was mainly due to the transfer of the proceeds from the disposal of the shares of Beijing Pride New Energy Battery Technology Co., Ltd. (hereinafter referred to as “Plade”).

After deducting the impact of the transfer of Pride's disposal income and other non-recurring profit and loss items on the performance, the Ningde era is expected to earn 670 million to 710 million yuan in the first half of the year, an increase of 31.43% - 39.56% over the same period of the previous year.

According to reports, on the afternoon of July 9, local time, Chinese battery manufacturer Ningde era and German BMW car reached a cooperation. In the next few years, BMW will purchase a total of 4 billion euros of lithium-ion batteries from the Ningde era. One of the 1.5 billion euros will come from a new factory in Germany during the Ningde era.

Ningde era announced on the evening of July 9 that it will build an overseas production R&D base in Germany. The first two phases of the project are expected to invest 240 million euros. The products are mainly sold to Europe, and the main target customers are European automakers. The production base is divided into two phases and is scheduled to go into production in 2021.

However, Subsequently, the Ningde era published a clarification announcement on the evening of July 10, saying that the company only obtained BMW's intention to purchase batteries, but this does not represent orders and actual sales, and there is still uncertainty in the future.

The announcement pointed out that on May 16th, the Ningde era received a fixed letter from BMW, which expressed the intention of BMW to purchase power battery products from the company and showed the possible demand for batteries of BMW-related models in a certain period of time. The estimated sales volume of the model is about 4 billion euros, which is equivalent to the demand for batteries. However, it does not clearly stipulate the specific purchase amount of BMW products purchased by the company.

According to the Ningde era, fixed-point letters are not orders, and obtaining a fixed-point letter does not clearly define sales revenue. From the fixed point of the project to the successful mass production, it also needs to go through many aspects such as product quality testing. During this period, the customer will still evaluate the company before the mass production of the related products, and whether the final order can be obtained is uncertain. In addition, the progress of customer model development, mass production of battery products and delivery time are also uncertain, so it is impossible to determine the time to generate revenue.

In addition, in response to the impact of Tesla's super factory in Shanghai on domestic “small partners”, Ningde era said on the interactive platform that it has not supplied Tesla.

All evils are done in good deeds, and Baishan filial piety is headed by the first wickedness. Being a good person doesn't waste things, not getting angry and not being sinister. Grateful parents thank everyone.

Tip: All information, comments, etc. published by users in the community represent only personal opinions, and are not related to the position of this website, and do not constitute any investment advice for you. Users should make their own decisions on securities investment and bear the corresponding risks based on their own independent judgment."Review of Self-discipline Management Commitment"